The last time a bear attack was launched on a controversial businessman was when a cabal of brokers launched an assault in the early 1980s on what they thought was an over-priced Reliance share, recalls T N Ninan. Gautam Adani has a fight on his hands. Whether or not you think his group’s rebuttal of the appropriately named Hindenburg report […]

Asian stocks fell broadly on Monday as investors looked ahead to a busy week of central bank announcements and earnings updates from U.S. tech heavyweights Amazon, Apple, Alphabet and Meta Platforms. Chinese shares eked out modest gains as traders returned to their desks after a week-long holiday. China’s Shanghai Composite index edged up 0.14 percent to 3,269.32 as the country […]

Backstreets, the respected Bruce Springsteen fanzine, is calling it quits to protest the “dynamic pricing” that has led to sky-high concert ticket costs. “After 43 years of publishing in one form or another, by fans for fans of Bruce Springsteen, it’s with mixed emotions that we announce Backstreets has reached the end of the road,” publisher and editor-in-chief Christopher Phillips wrote in an editorial. Backstreets […]

Ford sold shares in Rivian worth about $3 billion last year. It got out just in time. Rivan continues to be troubled, and its future is little better than cloudy. The press reported two key executives had left just a few weeks earlier. And it announced a second round of layoffs. The fact that Ford abandoned it was a final […]

EXCLUSIVE: Leading boutique firm, the Daniel Hoff Agency, is celebrating an impressive 30-year track record in entertainment via an expansion into Atlanta with a new office to be led by senior agents Renee Banks and Marta Parrillo. Banks and Parrillo are both longtime veterans of the Daniel Hoff Agency who had previously been based in Los Angeles. The agency, with […]

Integrated energy company Chevron Corp. (CVX) reported Friday that profit for the fourth quarter increased 25 percent from last year, reflecting 17 percent revenue growth amid higher realizations and higher margins on refined product sales. Adjusted earnings per share missed analysts’ estimates, while quarterly revenues topped it. In the pre-market trade on the NYSE, CVX is trading at $184.55, down […]

Amazon said today its revenue rose 9% to $149 billion for the fourth quarter, beating forecasts, on a big drop in net income. The commerce and cloud giant gave a big shout-out to its entertainment business from The Lord Of The Rings: The Rings Of Power to Thursday Night Football. Key web services division AWS saw segment sales rise 20% […]

UTA has expanded its board of directors, adding Main Street Advisors CEO Paul Wachter and Nexus Management Group founder Ceci Kurzman as independent members. Wachter is becoming board chairman, replacing UTA co-founder Jim Berkus. Wachter and Kurzman join 10 other board members, seven from within the company’s ranks and three from UTA investors. Via Main Street, Wachter has played a […]

Rep. Ilhan Omar (D-MN) was booted off the House Foreign Affairs Committee, in a move that Democrats see as payback but Republicans say was over past controversial comments. The House voted along party lines 218-211 to remove Omar from the committee. Omar said that the move to oust her was an attack on Muslim Americans, citing the birther movement against […]

The home market may have softened in the past year. A tremendous ballooning of prices in most markets during the past two years and high mortgage rates have undercut the rate at which the home market has been soaring. In some markets, activity has slowed. In others, prices have started to fall. Despite these troubles, home prices in San Jose, […]